VW’s forecast profit gain seen masking margin troubles
BERLIN (Reuters) – The record earnings which Volkswagen AG is set to report next week may mask more fundamental problems for the German auto maker.
Airbus eyes regional plane with hybrid engines in 15-20 years
MUNICH (Reuters) – Aircraft maker Airbus Group NV is learning from carmakers as it works on developing a small plane powered by hybrid electric engines that could represent its first move into the market for regional jets.
RBS scraps bonus plan after UK government intervenes
LONDON (Reuters) – Part-nationalized Royal Bank of Scotland has scrapped plans to seek permission to pay staff bonuses worth double their fixed pay after the government said it would oppose the move.
Shares, dollar struggle on Ukraine anxiety
LONDON (Reuters) – Heightened tension in Ukraine pushed world shares lower and lifted safe-haven European bonds on Friday, taking the shine off what looked set to be an earnings and M&A-driven week of gains for European and U.S. stocks.
Fed, OCC differ in enforcing leveraged lending guidelines
NEW YORK (Reuters) – Some major U.S. banks are privately complaining that they are getting the short end of the regulatory stick when it comes to the profitable business of lending to heavily indebted companies.
Nokia to name Rajeev Suri as next CEO on Tuesday: report
HELSINKI (Reuters) – Nokia , which is set to close the sale of its phone business to Microsoft , will on Tuesday name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday.
New report calls U.S. a ‘rising star’ of global manufacturing
A new ranking of the competitiveness of the world’s top 25 exporting countries says the United States is once again a “rising star” of global manufacturing thanks to falling domestic natural gas prices, rising worker productivity and a lack of upward w…
Michael Dell to sell gardening firm ValleyCrest to KKR unit: FT
(Reuters) – Dell Inc Chief Executive Michael Dell is likely to sell his corporate gardening company ValleyCrest to KKR & Co LP’s Brickman unit, the Financial Times reported.
Wal-Mart replaces China CEO in Asia leadership shuffle
SHANGHAI (Reuters) – U.S. retailer Wal-Mart Stores Inc has appointed a new chief executive for the China region, where the world’s largest retailer is battling stiff competition from local rivals.
Microsoft beats Wall Street on new CEO debut
SEATTLE (Reuters) – Microsoft Corp’s new chief executive got off to a winning start with Wall Street on Thursday as the world’s largest software company eased past analysts’ profit estimates despite the pressure of falling computer sales.
